creditshelf launches first digital securitisation of SME loans together with CrossLend

Frankfurt (ots) -

- Digital securitisation of credit claims that have originated on
the creditshelf platform by new partner CrossLend
- Securitisation via CrossLend leads to further diversification
and broadening of investor pool
- Monthly investment of a mid-single-digit million euro amount in
new business of creditshelf by an institutional investor

creditshelf Aktiengesellschaft, a pioneer in the field of digital
SME financing in Germany, is launching a partnership with the credit
marketplace CrossLend to offer the first digital securitisation of
SME loans in Germany. CrossLend acts as an investor on the
creditshelf platform and purchases loan receivables as part of the
regular lending processes. CrossLend then securitises the loan
receivables and offers them in the form of a new product to a broad
base of additional investors via its own channels. Initially, an
institutional investor will invest a mid-single-digit million euro
amount each month in creditshelf's new business via CrossLend.

For this new offer, the loans are created in such a way that they
can be passed on to institutional investors either immediately or
with a delay. "With the flexible securitisation of SME loans, we are
offering a new, innovative product," says Dr. Daniel Bartsch, COO and
founding partner of creditshelf. "The fully automated process
increases the transparency of the resulting securities, creates
flexibility and makes it possible to keep transaction costs low. This
model opens up new groups of investors for us and thus also benefits
our customers".

The securitisation is processed via CrossLend's digital
securitisation platform. The Berlin-based Fintech company converts
the loans into bonds in a flexible and transparent manner. "From the
very beginning, our platform was designed to make the credit market
more efficient, transparent and digital. The cooperation with
creditshelf for the real-time securitisation of SME loans takes us a
long way forward in this direction", says Oliver Schimek, CEO of
CrossLend. The partnership starts with a first institutional investor
who will successively build up a loan portfolio of a mid-double-digit
million euro amount per year through monthly investments in the new
credit business of creditshelf via CrossLend. In addition, there are
other institutional investors in the pipeline who would also like to
invest in SME loans through this innovative solution. "We are pleased
to be able to offer an additional sales channel through the
cooperation with CrossLend and thus attract further institutional
credit investors for us in the future," creditshelf-COO Bartsch adds.

About creditshelf - www.creditshelf.com

creditshelf is a pioneer in the field of digital SME financing in
Germany that enables loans via its easy-to-use online platform
www.creditshelf.com. creditshelf, which was founded in 2014 and is
based in Frankfurt/Main, sees itself as a market and technology
leader in the fast-growing business of digital SME financing in
Germany. As a provider of SME financing, creditshelf has developed
its platform to meet the financing needs of German SME borrowers
through loans from investors interested in this asset class. In this
process, creditshelf offers to broker unsecured loans and thus
enables small and medium-sized companies to access highly attractive
financing alternatives. At the same time, creditshelf offers
professional investors looking for attractive investment
opportunities access to SME financing. The core competencies of
creditshelf include the selection of suitable credit projects,
analysis of the creditworthiness of potential borrowers and the
provision of credit scoring and an indicative coupon margin.
creditshelf receives fees for its services from both SME borrowers
and investors. Daily news from creditshelf on Facebook
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Contact:
Further information:
creditshelf Aktiengesellschaft
Birgit Hass
Head of Marketing and Communication
Mainzer Landstraße 33a
60329 Frankfurt
Tel.: +49 (69) 348 77 24-13
birgit.hass@creditshelf.com
www.creditshelf.com

Press and Public Relations:
Thöring & Stuhr
Partnerschaft für Kommunikationsberatung
Arne Stuhr
Managing director
Mittelweg 142
20148 Hamburg
Tel: +49 (40 )207 6969 83
Mobil: +49 (177) 3055 194
arne.stuhr@corpnewsmedia.de

Investor Relations:
cometis AG
Maximilian Franz
Unter den Eichen 7
65195 Wiesbaden
Tel: +49 (611) 20 585-0
franz@cometis.de www.cometis.de

crossLend GmbH
Agnieszka Szczesna
Communications Manager
Kemperplatz 1
10785 Berlin
Tel.: +49 (151) 756 98 507
agnieszka.szczesna@crosslend.com
www.crosslend.com

Original-Content von: creditshelf, übermittelt durch news aktuell